A Peek at Canadian Imperial Bank's Future Earnings

Canadian Imperial Bank CM is gearing up to announce its quarterly earnings on Thursday, 2024-12-05. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Canadian Imperial Bank will report an earnings per share (EPS) of $1.28.

Canadian Imperial Bank bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings Track Record

In the previous earnings release, the company beat EPS by $0.12, leading to a 1.62% increase in the share price the following trading session.

Here's a look at Canadian Imperial Bank's past performance and the resulting price change:

Tracking Canadian Imperial Bank's Stock Performance

Shares of Canadian Imperial Bank were trading at $63.47 as of December 02. Over the last 52-week period, shares are up 48.82%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

To track all earnings releases for Canadian Imperial Bank visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.